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a possible recession if the deal on taxes is not reached. investors continued to worry if the u.s. will avoid the dreaded fiscal cliff, let's not point out the most previous minutes. plus retail cannot escape hurricane sandy. sending sales numbers down about 1%. a 4% rise in profits, jumping as much as 32% right now. staples looking good after having higher on all kinds of news. check out what else is soaring today. finally getting an earnings report that people like better-than-expected earnings after the bell yesterday, expected optimistic guidance. the chairman and ceo, 24 hours since those numbers came out, we will ask him if he investors should be expecting more numbers like today and what does he think about the fiscal cliff. what ideas does he have the president right now. and why we dropped 50 points farther from where we were already. down about 78 points, fell 122 down, now it does not look good. why? >> why? i thought maybe you would say something positive. i think we are just dealing with the aftermath of the election. this is not unexpected. it is the same old rhetoric, the same
. thank you for joining us. receive tomorrow. ♪ lou: good evening. we began this broadcast with a number of developments that have taken place not hours ago, but days. it is unclear tonight whether permission about these developments has been managed, and if so, to what purpose. today two days after the president's election, we learned that two iranian fighter jets, like this one, attacked one of our unmanned an unarmed predator drones. that attack took place 16 miles off the coast of kuwait in international airspace. happened last thursday, but an administration official has remained silent until today. today we learned that boeing will be slashing another 10 percent of management jobs in its defense division by the end of thii year in an effort to cut more than $2 billion in costs. boeing says it cannot project exactly how many workers will lose their jobs as a result. and boeing is going to some great lengths to insist that these layoffs have nothing to do whatsoever with the sequestered defense cuts set to take place next year. you will recall that less than two months ago the obama
and the president fix the fiscal mess they put us in before it's too late? and the other side is about to about in congress that nobody is talking about. welcome to "the willis report." ♪ ♪ gerri: welcome everybody, i am gerri willis. the u.s. dangling over the fiscal cliff. washington can't get its act together. speaker boehner challenging president obama to lead us. his first comments on the economy sense reelection, he seems emboldened by his reelection. with more on this, chris stirewalt. it is great to have you here. i want to start by talking about what the president had to say today. he seemed pretty firm on what he said so far about what we need to do with taxes in this country. here is the president. >> i am open to compromise. i am open to new ideas. i am committed to solving our fiscal challenges. but i refuse to accept any approach that is not balanced. i am not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me, making over $250,000 are not asked to pay a dime more in taxes. [applause] gerri: chris, jay carney comes o
, columnist and michael goodwin. former u.s. investor john bolton. kt mcfarland. nationally renowned psychologi psychologist, and all among our guests here tonight to sort out what is happening. joining me, the election night eight-teanighta-team. let's start with this race as we look at what is happening here. the president rested today, although he did a number of interviews, went to the campaign staff. still campaigning. what do you believe that signifies if any. >> nothing. part of the strategy for the obama camp was the cost of supporting a candidate. president obama doing a lot of promoting. trying to make a last-minute play. we will see what happens. lou: what is your sense of what is happening? >> you said neither candidate could be comfortable read we saw them both assuming they had already locked up romney in virginia and florida. president obama in wisconsin of all places in pennsylvania, these were supposed to be safe. the heavy turnout is something in general you can find it favors one or the other. more people vote, the better. that will make it a better election, my be
'll break it all down. >>> wall street may have the blues u.s. debt is mounting and tax hikes could be around corner. but screw the inevitable. there are still plenty of ways to make money. we'll tell you exactly how to keep raking it in. >>> the "oracle of omaha" make as new gamble. where warren buffett sees the next cash cow and how you can follow in his footsteps. even when they say it's not it is still always about money. melissa: all right, first let's take a look at the day's market headlines. stocks tumble yet again following the worst session of the year yesterday despite better than eepected u.s. jobless claims and u.s. export data. rising concerns over the fiscal cliff shook investors yet again the dow closed down 121 points. >>> disney shares are sliding after-hours the company reported fiscal fourth quarter earnings a short time ago. disney coming in a little light on revenue while meeting profit expectations. >>> shares of whole foods took a nearly 6% hit. the company warned superstorm sandy is taking a bite out of sales and will hurt earnings. >>> to our top story. che
's losses. now, on the upside, we've got a stronger u.s. currency. the u.s. dollar muscling higher, finding firmer footing and hitting a two-month high against the euro today. but the price of oil in part because of the stronger dollar -- stronger dollar is lower. crude oil dropping today after the energy information administration reported a bigger than expected build in crude supplies. we get it every wednesday. that was of course for the last week, plus european central bank president's draghi negative comments about the euro zone economy, all of this weighing on oil. we see oil moving to the down side. speaking of europe, take a look at this video right now. came in a few minutes ago. more than 80,000 greek protesters outside of parliament turning violent ahead of the austerity vote to avoid financial disaster. we have had reports of fires burning, smoke as we're seeing the sun go down at this point, not going to be a good night there in greece. we are keeping our eye on that very fluid situation. protests, elections, hurricanes, nor'easters. okay, is lightning striking me here? we have
and higher after hours. u.s. weekly jobless claims fell more than expected dropping to a seasonally adjusted 355,000, a drop of 8,000 claims as a possible sign of a healing job market although officials are warning figures may be distorted by superstorm sandy. the four week average applications rose by more than 3,000 of these numbers, change from week to week. liz: let's get a greater perspective. we have jerry levy on the pits of the cme, eugene profits and mark martyak, robert gray at the ready to break in with earnings as soon as they hit the table but let's start with jerrod at the cme. we blew through the 1400, 1440 level on the s&p like this. what do you think? tomorrow and the next couple weeks? >> of paper for we are standing on. a lot of folks watching the 1380 level. i'm watching the 2 and the day moving average of 1360. i jumped in front of the frame. i was selling to avalanche david talked about the vix coming in and markets deteriorated. the reason is people like me to dip their toes in, professional option traders selling downside money put them the right to buy -- dave: i wan
: using compromise could be forced on president obama? charles: we will hear the term care can down the road. that will one be here over and over again. stuart: you are saying yes. mitt romney could compromise. you are saying obama may be forced to compromise. i see a stock-market rally in either scenario. >> spending is that 20% gdp and the president will work hard to keep it as high as he can. mitt romney will work to bring that into line because he recognizeds the more you spend in the public sector the less you have in the private sector. if you want private sector jobs you got to manage government spending. it is that historical highs. it is much better for the economy that we go to the other scenario. stuart: week romney we have seen in the last couple weeks in the debate, you have watched him. you may have been at some of his speeches. is that the guy you knew? >> absolutely. he is a sophisticated guy. doesn't lose his temper certainly not in public. he is working to figure out how to push the ball down the field. that is the mitt romney i see speaking to us. stuart: did he e
the key to u.s. energy independence. a new study says absolutely not. is the controversial outlook right? we'll drill down on that one. even when they say it's not it is always about money melissa: first let's take a look at the day's market headlines. stocks look exhausted after a week of fiscal cliff fueled volatility. the major indices swayed between positive and negative territory closing the day mixed. the dow eked out three points, three. while closing out the month of november down half a percent. >>> you know the global economy is in trouble when even taco bell and kfc have trouble making money, right? shares of their parent company yum! brands dove nearly 10% today. the company warned fourth quarter sales in china, their single best market, would likely slide. >>> u.s. consumer spending fell for the first time since may. the 0.2% decline in october partially being blamed on the impact of superstorm sandy. why not. >>> starting off tonight, taxes are the talk of the town and have been for daze. seems like much of the conversation is focused on the wealthy to get them to pay more.
very cool. that's all the "money" we have for you today. thank you for joining us. we hope you will come back tomorrow. zito was coming up next. gerri: hello. they may work for the government , but they are being treated like celebrities. that is right. fresh air raids over government workers who are getting special benefits during the storms. the nor'easter that followed this last night. adding insult to injury to the thousands of residents of new york's long island living. ahead of your state emergency minutes apart when the head of the diverted personnel to his personal use at a time when workers were in high demand , you just saw his picture, directing county workers to his house to jump up and remove a tree that had fallen across is dravite. he was an even living there at the time. fired after it came to light, but does not all. special health benefits for workers during the crisis. the federal office of personnel management line workers and retirees to get to a emergency rooms for caring a crisis. it's all covered by you, the taxpayer. additional supplies of medicine also
sedan told us that we are in a fight for our liberty. we hope you have a very happy thanksgiving. good night from new york. tom: thank you for nothing. on this thanksgiving week, unions refusing to give anything up? welcome, i am charles payne in for neil cavuto. two dozen employee unions begging congresso spare them on any deaof the fiscal cliff. this on top of unions everywhere flexing their muscles. airports, retail stores, hospitals. it's time to say this gravy train is over. dave, when you have? reporter: all the excesses of government and the phony rules and regulations and useless rules, these unions thre on that. the postal employees union is extraordinary. federal and postal employees are struggling during these hard times. no other group has been asked to financially contribute in the way that they have. we know that they are making twice as much of a comparable job and the private workforce. >> there is no gravy train left. america it is not in the 50s anymore. companies along the lines of this, they can't handle the higher pay rate. there is no future for private and
to washington, d.c., to sit out the president and one of them fresh from the meeting to join us on the inside scoop. honeywell chairman and ceo. david: warning if congress fails, everybody's taxes will go up. representative ron paul is skeptical and agreement can be reached by both sides before the big deadline. ron paul here on "after the bell." find out why he isn't expecting a lot from his fellow lawmakers or from the resident and what he wants to see from capitol hill. liz: but first, today's data download. the dow has tumbled to 35% this election day. the steepest six-day drop the whole year. the astro astros and financial worst-performing s&p sectors. retail sales falling for the first time in three months in october. hurricanehurricane sandy's sout. after climbing 1.3% in september. all that good will from september certainly got washed a little bit away from hurricane sandy. largest fallethe largest fall in one year. watch out for auto sales. maybe they will be buying and we will see it go higher. prices snapping four straight month of gains. the ppi drop into sensitive percent after
products. >> life changer. >> join us on the after the show show, we're going to be cooking up more stuff. ♪ you're a mean one, mr. grinch ♪ ♪ you really are a heel >> and more like, you're mean one fiscal cliff? uncertainty over a deal or no deal, hitting retail sales and more stores hurting for shoppers, opening their doors on thanksgiving day, trying to attract more consumers looking for deals. so will the fiscal cliff be the grinch that steals holiday sales and any hope for recovery? hi, everyone, i'm brenda buttner, this is bulls and bears. and the gary b smith, tobin smith. jonas max ferris, welcome to to everybody. gary k, the fiscal cliff is the grinch? >> unfortunately, it is, it's the most important time of the year, and the profits are made and the problem is simple. uncertainty, uncertainty, uncertainty. nobody knows where they are and nobody knows how much money thr they're going to have to spend and the outcome is worse. higher taxes and less money in the economy and less money to buy. retail no good. but, susan, actually the national retail federation is saying
goals. the us bank wealth management advisor can help you. every step of the way. from big steps, to little step since 1863 we've helped guide our clients, so they can take the steps to help grow, preserve, and pass along their wealth. so their footsteps can help the next generation find their own path. all of us serving you. us bank >> tonight in this election, you the american people reminded us that while our road has been hard, our journey has been long, we have picked ourselves up. we have fought our way back, and we know in our hearts that the united states of america, the best is yet to come. stuart: he said it, you heard it. the best is yet to come. how does another term translate for the economy? the president wants take increases on the wealthy and has more leverage to do that so higher taxes as part of any deal on the fiscal cliff. then there is the point. $16 trillion now going to $20 trillion under the president's plan. ed butowksi is with us. do you agree? more taxes, more debt? >> without question. more taxes means less money to grow, less money to grow for small b
improve joins us with reaction. >>> how been a assault rifle under the christmas tree? black friday shopping blows away records for gun sales. one g store rep is here to explain why because i'm not sure i get it. >>> will the keystone xl pipeline make it or not? the final public hearing is just days away. pressure is mounting on president obama to approve the new route. ceo of transcanada is here for a fox business exclusive. even when they say it's not it is always about money melissa: first let's take a look at the day's market headlines. stocks bit it for the second straight day senate majority leader harry reid indicated that little progress has been made in recent fiscal iff talks. big surprise there. so you're welcome, investors. the major intoday sees slid on the news and the dow fell 89 points. >>> shares of green mountain coffee are skyrocketing after-hours. the company solidly beat expectations for fiscal fourth quarter earnings, pointing to strong sales of its k cup coffee & tea packs. >>> apple reportedly fired the manar behind apple maps. iphone software has been widely
on this show . you used example of the gentlemen who you know owns 40 applebees restaurant. you say that is a maul. you know hold on a second. zane is a great guy and knows business from the ground up d he's talking with other guys who only one one franchise . >> i am sure zane is a great guy. >> it is not just zane but a lot of business owners around the country that are having trouble. >> that is not a small business. ning 40 apple bees are not small. >> there are other examples. >> let's take care your logic. he's not a small business. you would think he would be able to absorb the costs. he can't. if you are talking about a mom and pop shop they can't absorb that either. >> who is likely to be better capable of absorbing obamacare? small business or corporation. >> corporation, because it is easier to lay off people and keep the productivity. why has this recovery been the worst on record since any recession since the 30s? it is not true, rick. you are saying something that factually incorrect. >> hold on a second. clear your throat. >> the growth coming off of financial recessi
that allows us to make these investments while reducing our deficit by $4 trillion over the next decade i want to be clear. i am notwed to every detail of my plan. i am open to compromise. i am open to new ideas. i am committed to solving our fiscal challenges. but i refuse to accept any approach that is not balanced in. him. lou: well, will the republican-led party provide any countervailing influence of force against that tax increases proposed by the president? former special assistant to president george w. bush, a pulitzer prize-winning columnist , fox is contributor michael goodwin, a veteran campaign strategist, former reagan political director. election night said to the audience, i believe that this president was smart enough, but he understands he has been given a second opportunity to be the leader that he seemed kind inclined to be in 2009 as he took the oath of office. what did you think of his demeanor and his response today? >> i think he threw the gallon down to the house republicans who basically are going to put their backs up. if you really want to negotiate you need to sit
will join us coming up. but it is time for stocks as we do every 15 minutes let's head to the floor of the new york stock exchange. stocks are climbing higher after the two-day drop. sandra: they did not start out that way, there was fear we would have another dramatic selloff today. now we are somewhat up from about 61 points. that is not exactly a rally. bouncing back a little bit ahead of the weekend, but still the worst two-day drop in a year, 434 points loss over that wednesday and thursday. as we face a fiscal cliff, consumer sentiment one piece of economic data that came out today better than expected in november hitting a five-year high, getting a little bit of a boost in the stock market. wholesale inventories 1.1% in september, above expectations, that is adding a bit to the rally as well. they're helping us to recover from those big losses that we saw on the week. we will see how things close, still a couple of hours to go in the market has proven to be very volatile. back to you. lori: indeed. with the election behind us, and fiscal cliff taking center stage. once away f
think they using taxpayer dollars to pay for the program is okay. you're in college, if you want to study pot smoking, walk around student housing. that's my two cents more. that's all for tonight's "willis report," thanks for joining us, have a great night. ♪ lou: we're now 34 days from slipping over the so-called fiscal cliff, and i have no sign of progress to report to you on the talks between president obama and the republican leaders trying to reach a deal to avoid the crisis. the number two man, durbin of illinois tad saying nothing should be left off the table in search of budget cuts, and new sources of revenue, the assistant majority leader allowing the changes in the president's signature legislative achievement should be on the table. that's right, obamacare. >> put everything on the table. repeat, put everything on the tail, not just taxes and revenue, but spending cuts and entitlement reform. the only perfect law i know was carried down a mountain by senator moses. lou: what should be positive words for republicans tempered by the fact that senator durbin has no st
, it protects us much better than government over well. that is our show. i am john stossel, thank you for watching. [applause]hour lou: good evening, everybody. a lot has changed in the last 2f hours. to balance the republican author of tax revenue increases. president obama, maintaining a highly believable effort of the white house and congress to resolve differences that would avoid the fiscal cliff. that is $1.2 trillion in automatic budget cuts and $600 billion in tax hikes that would result from the expiratin on december 31, te consequences would simply be devasting. the economic impact on the country and the american people would mean the loss of hundreds of thousands, if not millions of jobs. e very likely onset of yet another recession. the white house timothy geithner on capitol hill today. he went there empty-handed to meet the party leaders. house speaker john boehner who has already offered to raise tax revenue finds himself not in a negotiation, but rather competing in the white house media campaign. this is how speaker boehner reacted earlier today to the demands of the
, a veteran himself joins us with a look at the extraordinary program. david: yesterday was veterans day. now what drove the market with the "data download." a mixed day on wall street as stocks struggled for some sort of direction. up and down following the worst week for the market in months. the nasdaq closing i in the red, nostrils and telecom were the top performers while utilities and technology stocks lagged a little bit. copper rebounded from a two-month low after greece lawmakers gave the euro a boost against the dollar. closing 7638 per ton, posting a gain after five straight weeks of losses. the euro holding two-month lows versus the dollar uncertainty, weighing on the currency. hit an intraday low of $1.27 down nearly 2% against the greenback so far this month. sandra: jerry leavy to tell us what another 4% dip could be on the way and the biggest money makers, why outside the united states. very, what is the deal here? this huge selloff last week and yet before the election everybody said that the elections behind us, skip third-quarter earnings season, we will have certainty in t
. not the official u.s. name for which has long been burma. the president met with cambodian strongman, the one-time communist who has held power since the mid-80s. this is the first ever trip to cambodia by a sitting united states president. as the president continues his tour through southeast asia, work continues in washington are possible fiscal cliff deal, confident such a deal would be reached to spur optimism in the market today combined with good news on housing produced a big wall street rally. crude oil hitting a one-month high at the escalation of the middle east, futures jump in almost 3%. the national association of realtors today reporting existing home sales rose more than 2% in october beating forecasts. faster pace of sales and an increase in monthly builder sentiment all contributing to the good news today in the housing market. and wall street acting like the uncertainty of the first goal go cliff has all but disappeared. and trust in both parties has been comic scene, relentlessl my restored. the stock prices up for the best time in two months. the s&p picking up 27, the nas
. thank you for joining us. have a great night. we'll see you here tomorrow. ♪ lou: good evening, everybody. more than 200-point swing in the stock market today, but at the end of the days of volatile session the dow jones industrial had a triple digits gain. anxious investors worldwide, however, have been selling stock on concerns about the impending peril of the so-called fiscal cliff. president obama for his part seems utterly unimpressed by market volatility and the consequences of failure to resolve the issues of tax hikes and spending cuts that go into affect the first of the year. as the markets were falling in the first hour of trading this morning, house speaker john maynard stood up and offered support to investors and leaders for the market. stocks stabilized and then began climbing on the speaker's expression of optimism that a deal is within reach. we will take all of that up and more here tonight with bedford open geyser ceo harvey eisen and republicans who have put tax revenue on the negotiating table , and some republicans have flat out repudiated their anti-tax i
dynamics and u.s. steel, of course, as well. david: not a bad day at all. when the bell rings, the action really begins. we are just moments away from big releases. we have starbucks, linkedin and did we mention dreamworks. the stock is up more than 20%. liz: the third-quarter income more than quadrupled since last year. no wonder tupperware cannot contain its excitement. how are they doing as the ceo of tupperware joins us in a fox business exclusive. david: a tupperware party right here on after the bell. we will tell you what drove the market today. stocks pushing higher to date with all industries rally. materials, technology and industrials for two days top performers. utilities did leg a little bit. the prior week's figure was revised higher by 3,372,000. u.s. construction spending rose to its highest level in almost three years in september. spending rose 0.6%. liz: we have tim mulholland at the cme and brian of wells fargo financials. plus, robert gray ready to break in with earnings. first, let's start with tim. not bad at all. you have to admit it looked pretty healthy and good,
's it for us tonight.ththth. we will see you here tomorw. good night from new york. >> senator reid and others have spoken out that we are not going to touch any of the entitlements. i think that gives you some indication of the likelihood of something like that happening. neil: think of that. i'm still flabbergasted. item everyone. neil cavuto. they're not going to touch entitlements, adess real spending issues because they are entitlements. they just want taxes raised, double the figure they raised earlier, and lo and behold, democratic senator jay rockefeller and tom harkin, with a letter to the president urging that he did even more sweeping than that. we urge you to reject changes to medicaid and medicare, social security that would cut benefits commences shift costs to alter the structure of these critical programs or foorce vulnerable populations to bear the burd of deficit reduction deficits. this goes on and on. they are trying to get 30 more senators or so to sign on to that. there are talking about the ratio of so-called spending cuts to revenues more like one-to-one, but a big chun
. you can print real u.s. postage for all yo letters and packages. it gives you the exact amount of postage you need the instant you need it. can you print only stamps? no. first class. priority mail. certified. international. and the mailmapicks it up. i don't leave the shop anymore. [ male announcer ] get a 4-week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. >> all right. today is back to workday in washington. president obama has his first big meeting on the fiscal cliff since his reelection. and who is he meeting with? union leaders and far left activists. we're scrolling their names on the side of the screen, but you can see richard trumka is there along with the heads of every major union, richard trumka who said this after the president's victory last week. >> it's strongly believed that we should make sure the wealthy should pay their fair share of taxes. they believe we should protect medicare and medicaid and social security benefits from cuts. and voters reject the idea that bringing down t
toronto, and michael murphy thank you. >> the in box, geithner on the rescue, that is it for us tonight. we'll see you tomorrow night, good niggt from new york. neil: republicans be careful what you wish for, limiting deductions could be a bigger tax hike than raising rates, we do the mag you decide, i am neil cavuto, to hear some democrats whisper, and giggle they have the grand old party in a grand old head fake, making republicans think not getting tax rate hike on the rich say win when the deal to get that winning end up socking the rich more, a figure i'm hearing bandied about $50,000. that is the likely cap that republicans will agree to for things like mortgage interests, and chair it able deducts, see z as many in 250 grand and overcrowd write-off hundreds of thousands of dollars that means hundreds of thousands of dollars more subject to taxes. if you limit it to 50 grand, a lot of them are looking at a real federal tax rate closure to 45% than 39.6% they are fearing now. no wonder some democrats are laughing all the way. should they be? in the name of avoiding a rate h
of the u.s. means less usage of natural gas, particularly in the northern midwest and we were going to get snow tomorrow under an inch. david: and we are seeing weakness the department store stocks. macy's and nordstrom's underperforming in that particular sector. liz: how about some jewelry for the holidays. a rough year, but today it is making a huge push to get consumers to buy diamonds and fine jewelry. president and ceo harvey cantor here live to tell us what those deals are including a huge giveaway they're doing and how we are doing and what kind of a halo effect they're having on the giveaway. david: and economic advisors warning middle-class tax rates to rise and failing to catch could cause consumers to spend $200 million less than they normally would next year. coming up chairman of the president's council of economic advisors joining us to talk about the fiscal cliff and whether we will go over it. liz: do not miss it. but first what drove the market with today's data download. the nasdaq the only major index. still a pretty rough day on light volume. the dow and s&p ending low
company is joining us in a first on fox business interview that you do not want to miss. liz: we want to tell you what drove the market down in the "data download." the selloff with all three major indices plunging falling more than 2% each. the dow and the below 13,000 130 posts in the steepest drop in more than five full months. all 10 sectors ended lower by the energy. the s&p 500 fell below 1400, the first time since august and it looks like we are staying there at least for today. the first day with volume topping $4 billion since september. a lot of action. rising against a basket of equities. what does that do? it powers higher, the dollar, and brings down some dollar-denominated commodities. 0.3% as the euro fell to the two-month low falling down by the bleak economic forecast. we have an interesting story with u.s. treasury prices pushing yields down the most since june. dropping 11 basis points at 1.65%, the lowest level in more than a full month. david: let's get to today's action. we found somebody who says he is still buying despite the selloff. we have a bull and a bear.
joins us. he says the american people deserve to hear the truth about pin gauzy, and it is time for the president to come clean. he joins us live tonight. not only the president in question, the balance of power in congress to be decided. and that is the subject of tonight's start talks. joining me now, former deputy chief of staff to president george w. bush, karl rove. fox is a contributor. good to have you with us. you have said from the outset that this would be a tight race. did you really expected to be this tech??3 >> the -- that is hard to say, but it will be tight. this will not be settled until the wee hours of wednesday morning. maybe sometime wednesday they will finish counting the ballots, but it will be very tight. lou: and in your most recent op-ed in the "wall street journal" you said it is all about the numbers. amongst the numbers you put a run the victory by two or three percentage points. are you updating that here tonight? are you still convinced of that margin? >> i still think it will e close to that margin. i do think there was an impact on this race to
for tonight's willis report, thank you for joining us. we'll see you back here tomorrow on election day, have a great night. lou: good evening we're now one day away from deciding who will lead this country for the next 4 years, president obama and governor romney campaigning hard in the swing states, that will decide the outcome of this elect, candidates adding new stops to extent campaign 2 election day. candidates still making their pitches, and what has been one of the longest fiercest and most expensive presidential elects in history. after nearly 2 billion-dollars, more than 600 million by outside groups alone, hundreds of events attended by both candidates, where do we stand in it is the poll say, an absolute dead heat. the swing state of virginia 13 electoral votes as ts to toss u, rasmussen report with governor romney with a 2 point lead, and it looks very close this year, latest survey. shows governor romney pulling into a 47-47 tie with the president, putting keystone state 21 electoral votes termly in play, and obviously if polling is correct, no state more surveyed and
cents more" tonight. that's it for tonight. thank you for joining us. don't forget to record airshow if you cannot get his life. have a great night and will see you right back here tomorrow. ♪ lou: good evening, everybody. one of the dirtiest and most expensive campaigns of all time coming to a close last night to leaving washington looking much like it did before the first votes were cast. president obama defied the polls and predictions in an election that was expected to be one of the closest in history, even with florida tonight still up in the air. the president won more than 300 a tour of votes to secure another four years in the oval office. many republicans are left in shock at the results asking how with 23 million people unemployed almost 8 percent unemployment, record national debt in excess of $16 trillion, scandals and controversies from operation fast and furious, the benghazi cover-up, how could president obama possibly win reelection so impressively? a popular vote margin of more than 2 million votes, but an electoral vote margin of almost 100. an examinatio
days before the election. for the latest details on our attempts to shoot down a u.s. truck or international waters to return to fox his national security correspondent jennifer griffin for report. >> aa 4:50 a.m., days before the u.s. president's election, to iranian fu25 fighter jets like these intercepted and fired twice upon an unmanned, unarmed u.s. m-2 one predator drawnof the persian gulf. the first time they have ever fired on a u.s. drone. the shots missed some of the thames, and iranian fighter pilots briefly pursued the drone which landed safely at an undisclosed location. >> it occurred over internaonal waers approximately 16 nautical miles off the coastline. the aircraft was never in iranian airspace. it was always flying in international airspace. the international recognizes territorial limit is 12 nautical miles off the coast, and we never entered the 12 nautical mile limit. >> asked whether the incident was an act of war, the pentagon spokesman said he would not legally label it, adding the state department had protested through the swiss protective powers,
, the credibility has now been discredited. joining us, kate mcfarland. this is first of all we have to acknowledge i believe it isery clear, there is so much more here writing every day, more questions, it runs ep. the idea that petraeus would not testify or that the secrety of state clinton would have a conflict, your reaction to those. >> the cover-up continues. nobody who knows more about benghazi before, after or during the attack than david bengzi. and now for whatever reason, he is not testy. he may eventually testify, they may subpoena him. at this point where it's his credibility? if he knew he was being investigated as he went up to capitol hill to spin the tale the white houswanted him to spin about this about a movie movie, what nd of leverage did they hold over him? the leverage is gone now, he has nothing to lose. lou: the allegations by the alleged mistre in this impact during the speech on october 26 at the fbi was engaging in putting them up at the cia annex cooperated as x news has reported with resources cooperating the views that is exactly what was happening. what is your reac
the mosque. that is considered a terrorist organization by the u.s. government, of course. >> i want to thank president morsi for his leadership in ending the violent, this is a critical moment for the region. egypt a new government is assuming the responsibility and leadership that has long made this country a cornerstone of regional stabilitiy it peace. lou: the ceasefire hours after a bomb tow through a bus in israel's defense ministry in tel aviv, it injured at least 2 dozen people, hamas leaders praised the attack but did not take out right responsibility. a damascus based group with ties to the west bank took credit. the israeli government confirmed this is only the first stage of a ceasefire agreement work many questions remain stock answered. a second set of negotiations reportedly to begin within the next 24 hours, israel's blockade of the gaza border, and an end to the flow of arms in to gaza to be negotiated. but perhaps, a bigger question, did secretary of state, hillary clinton, simply rubber-stamp an agreement that has already been negotiated. we take all of this up here tonight
. a former assistant to presidento george w. bush, also with us opera the new york times best-seller the amateur on the obama administration this is as if the obama team did not -- it just knew exactly wat would unfold. that is how together they were >> i'll understand that. the cost per ad, the republicans have to pay, many times more than the democrats. they bought there rate and they bought them in a very inefficient way. the whole campaign was just shot through with inefficiency. lou: de think it will be as easy for the republicans to raise money next time? >> people talking about, is there a silver lining for the republican. no doubt there are a lot of attractive potential candidates. you can go on and on. the question is, the base which controls the primary situation, will they go for any of these people, these populist conservatives overvalue conservatives. lou: let me pose another. i was talking with someone who i will not name. basically the republican party has a strange feeling of being in the buzz around and tells a political party. >> we need to get back to basics
". think you for joining us. that's it for "the willis report." have a great night. he was the right back here tomorrow. ♪ ♪ [music playing] ♪ ♪ lou: good evening, everybody. a lot has changed in the last 24 hours. tonight it appears there is little likelihood that president obama intends to make any meaningful offer of spending cuts with which to balance the republican author of tax revenue increases. president obama, maintaining a highly believable effort of the white house and congress to resolve differences that would avoid the fiscal cliff. that is $1.2 trillion in automatic budget cuts and $600 billion in tax hikes that would result from the expiration on december 31, the consequences would simply be devastating. the economic impact on the country and the american people would mean the loss of hundreds of thousands, if not millions of jobs. the very likely onset of yet another recession. the white house timothy geithner on capitol hill today. he went there empty-handed to meet the party leaders. house speaker john boehner who has already offered to raise tax revenue finds h
. the truth is no matter how many times the president uses the word compromise, the democrats control the senate and the white house and making it clear, tax hikes on those making about $250,000 are coming. the market thinks we are driving right over that fiscal cliff. take a look. since election day the major averages are down at least 5%. the dow, nasdaq, as and become even the russell 2000, small-cap stocks dropping sharply. so, where republicans go from here? we will hear from one congressman coming up. for now, joining us, we have met he declared from americans for tax reform, the group that has played a big part in shaping gop attitude toward tax policy. thanks for coming in the show. we have a lot of really surprising headlines tonight, but i want to start with this idea that the fiscal cliff is something, this is what the democrats are saying, that this is up to the president and the democrats. they say were not going to give the gop of voice. our way or the highway. and of the president starts every speech saying out compromise, but the ins in a totally different way. have yo
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